India is the fifth largest investor in Tanzania, with about $3.7 billion in investments. The two countries have also signed six MoUs in communications, maritime security and sports. Tanzania has set a target of receiving $15 billion in Foreign Direct Investment (FDI) from India by 2025, Tanzanian President Samia Suluhu Hassan said on October 10....
In a significant step towards advancing its economic development and infrastructure initiatives, Tanzania has officially become a member of the Asian Infrastructure Investment Bank (AIIB). The milestone was achieved during the AIIB’s eighth Annual Meeting in Sharm El Sheikh, Egypt, where the applications of three economies, including El Salvador, Solomon Islands, and Tanzania, were approved...
On October 10, 2023, the renowned Jawaharlal Nehru University in India conferred an Honorary Doctorate (Doctorate Honoris Causa) upon the President of Tanzania, Samia Suluhu Hassan, making her the first woman to receive such an honour from the university. President Samia received this honorary doctorate almost a year after the University of Dar es Salaam...
Cardinal Protase Rugambwa has called on Tanzanians to be ready to cultivate and uphold a culture of love, solidarity, and cooperation with people from other nationalities as part of the synodal process in building the Church. Cardinal Rugambwa made these remarks in Rome, Italy, shortly after being installed as a Cardinal by Pope Francis at...
Historia imeandikwa katika kiuchumi Historia imeandikwa! Kwa mara ya kwanza baada ya miaka 62 ya uhuru, Tanzania kupitia Benki Kuu ya Tanzania (BOT) imefungua hazina ya kuhifadhi dhahabu ambayo itakuwa inanunuliwa hapa nchini kutoka kwa wachimbaji wa ndani. Sasa Tanzania haitokwenda kutegemea tena hifadhi ya fedha za kigeni pekee iliyokuwa ikiweka kwa miaka yote, bali...
Kenya is on the verge of a groundbreaking development in its energy sector, with plans to commence the construction of its maiden nuclear power plant in 2027. This bold move aims to diversify the country’s energy sources, meet rising demand, and transition towards zero-carbon energy production. Justus Wabuyabo, the Acting CEO of the Nuclear Power...
In an epoch-making event heralding the grand opening of East and Central Africa’s largest glass manufacturing facility, Sapphire Float Glass, in the picturesque Pwani region, President Samia Suluhu made a profound statement that reverberates through the very core of Tanzania’s administrative infrastructure. She introduced a monumental investment opportunity and underscored the remarkable harmony underpinning the...
Today marks a momentous occasion for Tanzania’s investment sector and industrial development. The persistent efforts to attract investors to the industrial sector have borne fruit, as numerous industrial ventures have flourished within the nation. In the coastal region of Pwani, statistics reveal the presence of at least 1,525 industrial establishments of varying significance. Moreover, as...
Raff Military Textile, a prominent player in Turkey’s defence industry, has set its sights on expanding into the Tanzanian market, according to General Manager Eray Yükseloğlu. This strategic move was revealed during the Turkey-Tanzania Trade Delegation and B2B meetings hosted in Dar es Salaam, where business leaders from both nations converged. Yükseloğlu underscored the significance...
Written by: Christopher Makwaia Introduction. Energy efficiency is not just about saving money, it’s about saving the world. These profound words from Amory Lovins resonate deeply as we explore the vibrant energy landscape of Tanzania, at a pivotal juncture in its energy evolution, serves as the focal point of this discussion. The 5th edition of...